April 11, 2000 (PLANSPONSOR.com) - Alan Greenspan,
Chairman of the Federal Reserve Board, Tuesday said that he
expects job anxiety to stay high, with the rapid pace of
technological change requiring more workers to receive
continued job training.

The central banker said that despite a strong economy
and low unemployment, more employees fear they could lose
their jobs than was the case in 1991, at the bottom of the
last recession. Greenspan spoke at the National Skills
Summit in Washington.

‘The rapidly evolving work environment in which the
skill demands of their jobs are changing can lead to very
real anxiety and insecurity about losing their jobs,”
Greenspan said. “Those pressures are likely to remain
intense.”

Greenspan noted a continued “need for considerable
investment in human capital. Workers must be equipped not
simply with technical know-how but also with the ability to
create, analyze, and transform information and to interact
effectively with others,” according to Greenspan.